It’s a good way to cover your living expenses and build equity while you learn the ropes.

House hacking (buying a multi-family property and renting out units while living in one) allows you to cover or reduce your living expenses while building equity.

Ski Leases: Looking at the short term rental policies it does not cover leases longer than 30 days, seeing as there is a market for this type of rental what are peoples experience with this for ~4 month terms, and has it worked for summer leases as well.?

It really helps me with a real 'picture' of step by step events.You're welcome!

I just had to provide list of equipment bathrooms parking  and hvac etc etc.. and pictures to back it up.land to building ratio  So I helped her through it and it worked out great for us.

If your spouse qualifies for the Real Estate Professional status, then it will cover both of you.

Just be sure to carefully consider the financing costs and make sure your STR income can comfortably cover them.

Close on the property- Purchase a Home Owners Warranty to cover the HVAC. 

I guess the purpose for this is to help fund community improvements and maintenance though it's a bit unusual since HOA fees and property taxes typically cover these.

Insurance can be an issue as you would technically have to get it in the LLC's name and then you can have a personal umbrella to cover any overages.